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Brent futures on ICE climb above $110 per barrel for first time since May 5

By 1:20 a.m. Moscow time, Brent pared gains to trade at $110.40 per barrel

MOSCOW, May 18. /TASS/. Brent oil futures expiring in June exceeded $110 per barrel for the first time since May 5, data from the London-based ICE exchange showed.

As of 1:00 a.m. Moscow time on May 18 (10:00 p.m. GMT on May 17), the oil benchmark rose by 1.91% to $111.35 per barrel.

By 1:20 a.m. Moscow time, Brent pared gains to trade at $110.40 per barrel, up 1.04%.